you have two other moments for fiscal showdown, you have the spending sequester, cuts to defense and then the spending programs. you have continuing resolution, which funds the government. if we don't come to an agreement, has a government shutdown. i had a senate aide saying it is a fact of the senate that people are just breathing a sigh of relief, we may just have a government shutdown. doesn't seem to me there is a clear path, you could have a shutdown. if that lasts for a long time as it did in the '90s, that comes at the tail end of that, shutting down the government, that would be pretty dramatic. >> they made two calculations here. they wanted to have a fight on the shutdown as related to a continuing resolution, but you don't hear any republican talking about moving towards default. they don't want to be politically associated with default. maybe you're right, they will be willing to have a shut down if they don't give them a cut on continuing resolution. probably off the table long-term. but big picture is interesting, the republicans with the short term extension, are putt